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AED Oil Limited Company News
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AED Welcomes New CEO
AED announced the appointment of Mr. John F. Imle, Jr. to the role of Chief Executive Officer, effective May 1, 2011.
8:00 PM EST | April 27, 2011
AED Receives Extension for Rombebai PSC Contract
AED has received an extension of the exploration period for its current production sharing contract (PSC) in Rombebai Block until July 15, 2013.
8:00 PM EST | April 19, 2011
AED to Plug, Abandon Lempuyang Well
AED advised that the Lempuyang-1 well testing operations are now complete and the well will now be plugged and abandoned.
8:00 PM EST | April 06, 2011
AED Recommences Retesting Preps at Lempuyang Well
During the last few days, AED recommenced work in preparation for retesting of the Lempuyang-1 well.
8:00 PM EST | March 31, 2011
AED to Recommence Testing at Lempuyang Well
AED anticipates that testing of the blue zone in the Lempuyang-1 well will recommence towards the end of the month.
8:00 PM EST | March 16, 2011
Non-Executive Director at AED Resigns
AED advised that Mr. Richard Price has tendered his resignation as a non-executive director of the Company.
7:00 PM EST | March 06, 2011
Brunei Well Delivers for AED
AED, as operator of Block L, Brunei, has identified hydrocarbons at Lempuyang.
7:00 PM EST | March 03, 2011
AED Posts Progress at Brunei Block L
AED updated on the initial results of the Production Logging Tool (PLT) and other processes as part of the Lempuyang-1 well testing in Brunei, Block L.
7:00 PM EST | February 17, 2011
AED Briefs Initial Testing Results of Brunei Well
AED updatd on the initial results of testing at the Lempuyang-1 well in Brunei, Block L.
7:00 PM EST | February 07, 2011
AED Briefs Testing Progress at Brunei Block
AED Oil, as operator of Block L, Brunei, updated on the progress of testing at Lempuyang-1 reservoir.
7:00 PM EST | February 01, 2011
AED Commences Testing Ops in Brunei Block
Testing operations have commenced at Lempuyang-1 and Lukut-1 exploration wells.
7:00 PM EST | January 17, 2011
AED Reaches TD at Lempuyang-1 Well
AED advised that the exploration well Lempuyang-1 has reached final Total Depth (TD) at 3220m measured depth.
8:00 PM EST | October 07, 2010
AED Reports Logging at Lempuyang-1 Well Complete
AED reported that the Lempuyang-1 wire-line logging to 3000m MDRT is now complete.
8:00 PM EST | September 28, 2010
AED Drills Ahead at Brunei Lempuyang Well
AED advised that drilling of the Lempuyang-1 well continues in 6" hole and is presently at a depth of 2969m MDRT. The immediate plan is to drill ahead cautiously to reach the two additional well targets.
8:00 PM EST | September 19, 2010
AED Trumps Operational Issues at Brunei Well
AED has successfully managed the operational issues which arose out of the previously announced increased pressures and gas influx in the Lempuyang-1 exploration well.
8:00 PM EST | September 08, 2010
AED Updates Activities at Brunei Well
AED reported that 7" casing has now been run to 2867m MDRT at the Lempuyang-1 exploration well.
8:00 PM EST | September 02, 2010
Cooper Drills Ahead at Madura Well
The drilling of the Gigir East-1 well is progressing according to the drilling plan.
8:00 PM EST | August 10, 2010
Cooper Spuds South Madura Well
AED Oil announced that the onshore exploration well Gigir East-1 on its South Madura Project has commenced drilling.
8:00 PM EST | August 01, 2010
AED Intersects Possible Reservoirs at Lukut-1 Well
AED announced that drilling operations at the Lukut-1 well have intersected possible reservoirs.
8:00 PM EST | June 01, 2010
East Puffin JV Discontinues Completion of Oil-Bearing Puffin Well
The Puffin-12, located in the Timor Sea offshore Australia, has intersected an oil column, but the column does not have sufficient thickness to warrant completion by the East Puffin JV.
7:00 PM EST | January 08, 2009
Puffin-11 Sings for AED, Sinopec JV
AED Oil reported that drilling at the primary SW1 target in the Puffin South West in the Timor Sea offshore Australia has successfully intersected an oil bearing Puffin sand at 2,013 meters true vertical depth subsea.
8:00 PM EST | September 28, 2008
Puffin-11 Exploration Well Spud
AED reports that the Puffin-11 exploration well has spud.
8:00 PM EST | September 13, 2008
AED, Sinopec Ink Australian JV
AED Oil and Sinopec have signed into a joint venture in the assets held under AC/P22, AC/L6 and AC/RL1. Sinopec's subsidary SIPC will operate the joint venture through an Australian subsidary, East Puffin.
8:00 PM EST | June 17, 2008
AED Operational Updates
The crude offtake from Front Puffin FPSO is on schedule, and drilling for Puffin-10 going well.
8:00 PM EST | October 28, 2007
AED Reaches Final Stages of Commissioning the Puffin NE Field
AED is reaching the final stages of commissioning the Puffin North East field.
8:00 PM EST | October 22, 2007
Puffin South West Drilling Update
Drilling of Puffin-10 has reached a depth of 962.5m MDRT and the BOP has been installed and presently being tested.
8:00 PM EST | October 22, 2007
AED Begins Production at Puffin North East
AED reports that the Puffin North East Development has commenced production, with first hydrocarbons from Puffin-8 reaching topsides on Saturday October 6th.
8:00 PM EST | October 07, 2007
AED to Commence Production on the Puffin-10
According to AED, the Wilcraft drilling rig will be mobilized on Saturday, October 6, 2007, in route to the Puffin SW region where the Puffin-10 production well is scheduled to be spudded.
8:00 PM EST | October 04, 2007
Front Puffin FPSO Connected to Mooring Riser System
AED Oil Ltd has taken a major step towards achieving First Oil production from its 100 percent-owned Puffin North East oil field in the Timor Sea.
8:00 PM EST | September 18, 2007
Front Puffin FPSO Arrives in Australia
AED Says the FPSO 'Front Puffin' has arrived in Australian waters. First oil production is scheduled for late September 2007.
8:00 PM EST | September 04, 2007
MODEC Redeploys FPSO MODEC Venture 1
MODEC has received a Letter of Intent from AED Oil Limited for a time charter agreement on the FPSO MODEC Venture 1.
8:00 PM EST | August 23, 2007
AED & MODEC Sign Agreement for Second FPSO
AED Oil has entered into a Letter of Intent with MODEC for the provision of an FPSO, the MODEC Venture 1 (MV1), to be used on the Puffin SW Field.
8:00 PM EST | August 19, 2007
AED: Recoverable Oil up to 100 Million Barrels
AED Oil is likely to have up to 100 million barrels of recoverable oil. The company is in the process of reviewing its petroleum development assets, the 100% owned Puffin and Talbot fields.
8:00 PM EST | June 28, 2007
Aibel to Provide Services for Front Puffin FPSO
Sea Production Management has placed a turnkey facility management contract with Aibel Pty. Ltd for the Front Puffin FPSO on the Puffin field northwest of Australia.
8:00 PM EST | June 10, 2007
AED Acquires Talbot Oil Field
AED Oil Limited has completed its acquisition of Retention Lease AC/RL1 including the Talbot Oil Field.
8:00 PM EST | June 03, 2007
FPSO Front Puffin to Begin Work on Schedule
Sea Production Ltd. says the FPSO Front Puffin will depart from Singapore to begin work at the Puffin Field in Australia by the end of June.
8:00 PM EST | May 29, 2007
AED's Growth Spurs Staff Expansion
AED has recently appointed an additional independent director, made senior appointments on the commercial side of the business, and is recruiting for a number of technical personnel.
8:00 PM EST | May 15, 2007
AED Completes Flow Test on Puffin-8
AED reports that the Puffin-8 production well has been flow tested at an estimated maximum rate of 11,660 stock tank barrels per day (stb/d) and that the flow rate was limited by the testing equipment deployed on the rig.
8:00 PM EST | May 01, 2007
New Deals Boost Duffy and McGovern in SE Asia, Australia
Duffy and McGovern has secured three new deals in Australia and China, boosting its order book in Southeast Asia and Australasia by more than £100,000 (US$197,000).
8:00 PM EST | April 16, 2007
Puffin-8 Intersects 232-Meter Oil Column
The Puffin-8 ST1 well has delineated three mapped highs, intersecting 232 meters of net oil bearing sand. The wel will be completed as the second oil producer.
8:00 PM EST | April 11, 2007
Puffin-8 Strikes Oil
Puffin-8 has penetrated the first of three mapped highs encountering the top of the oil bearing LK1a reservoir at 2022.8 meters True Vertical Depth (TVD), approximately one meter higher than at Puffin-7.
8:00 PM EST | April 03, 2007
AED to Drill Second Puffin Development Well
AED Oil Limited reports that the Stena Clyde is on its way from Northern Territory waters to the Puffin oilfield in production license AC/L6, with an estimated date of arrival around February 15th.
7:00 PM EST | February 11, 2007
Puffin Oil Field Grows Dramatically
AED Oil has revealed that its estimate of the volume of oil in AED Oil's 100% owned Puffin field, in the Timor Sea, has been expanded significantly.
8:00 PM EST | September 05, 2006
STP Technology Chosen for Front Puffin FPSO
AED Oil has awarded APL an LOI for a submerged production system (STP) for the Front Puffin FPSO offshore North Western Australia.
8:00 PM EST | June 11, 2006
Puffin-7 Well Testing Successful
Following the successful Puffin-7 well testing, the initial capacity for oil production is calculated to be in excess of 15,000 barrels of oil per day. The oil is light sweet crude with a specific gravity of 0.804 corresponding to 45 degrees API.
8:00 PM EST | May 18, 2006
Oil Reserves at Puffin Larger Than First Estimated
The preliminary results which have been reviewed by independent technical consultants indicate that Puffin-7 reserves equal or exceed the previously estimated P90 reserves of 7.6 million barrels with scope to increase reserves in all categories.
8:00 PM EST | May 07, 2006
Puffin-7 to Be Completed as Puffin Field's First Producer
AED Oil says that preparations are underway to complete the Puffin-7 well in Timor Sea permit AC/P22 as the development's first oil producer.
8:00 PM EST | May 04, 2006
AED Says Puffin-7 Production Well Intersects Oil
AED Oil Limited says that based on real time logging measurements the Puffin-7 production well has intersected oil. The intersection interval has been interpreted as excellent quality LK1a late Cretaceous sandstone.
8:00 PM EST | May 02, 2006
AED Announces Discovery at Puffin-9
AED Oil reports that two oil zones have been discovered in the Puffin-9 well, located in permit blocks AC/P22 offshore Australia.
8:00 PM EST | April 04, 2006
Puffin-9 Reaches Target Depth
AED Oil, operator of the Puffin-9 exploration well in Block AC/P22 offshore Australia, reached its target depth of 3,100 meters on Monday.
7:00 PM EST | March 26, 2006